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Managed services demand drives 5% revenue growth for Accenture

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Accenture closed the books on the second quarter with sales of $16.7 billion, a 5% increase from the year-ago period.

In local currency terms, a more accurate way of measuring demand, the company’s top line grew 8.5%. That’s significantly better than what Accenture achieved in the second half of 2024.

One of the main drivers behind the company’s sales growth was its managed services business. The business boosted its revenue by 11% in the fourth quarter, handily outpacing Accenture’s consulting group. During the earnings call, Accenture CFO Angie Park said the growth was driven by a double-digit increase in sales of technology-related managed services.

Broken down by industry, Accenture saw demand increase across all five of largest verticals. The company achieved the fastest growth in the financial services sector, where its revenue climbed 11% to $3 billion.

Accenture’s profit grew as well in the fourth quarter, but not as fast as its top line: the company increased adjusted earnings by 2% to $2.82 per share. This is likely the result of the investments the leadership team has been making in maintaining revenue growth. 

During the fourth quarter, Accenture spent about $250 million on a half dozen acquisitions. It also boosted its data and AI workforce to 72,000 staffers. Accenture has set a goal of increasing that number to 80,000 by the end of its 2026 fiscal year.

“We invested in our people with approximately 15 million training hours this quarter, designed to help us bring the latest in solutions and technology to our clients, provide our people with marketable skills, and reinvent our services using Gen AI,” Sweet told investors during the earnings call.

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